Judge Jed Rakoff rules against AIG (AIG) in its pursuit of $4.3B in damages against Starr...

|By:, SA News Editor

Judge Jed Rakoff rules against AIG (AIG) in its pursuit of $4.3B in damages against Starr International, run by former AIG chief Hank Greenberg. The judge affirmed a jury verdict that found no breach of trust by Starr in whether it would use its AIG shares to fund an executive retirement program for generations of the insurer's employees. AIG shares now down 1.4% AH. (earlier)